The Authorised Corporate Director (Link Fund Solutions) of the Woodford UK Equity Income Fund have announced that the fund is to be wound up commencing 17 January 2020.
This is against the wishes of Neil Woodford himself who has now been removed as the fund manager and as a result, the fund will be renamed LF Equity Income.
The winding up of the fund will involve the sell-off of the funds’ assets into cash to be used to repay investors in instalments. Until this time, the fund remains suspended.
We fully appreciate any apprehension in respect of this investment and if clients have concerns at this time, please contact your Dentons Wealth adviser.